
27 November 2024 | 6 replies
Shifting to BRRRR and multifamily properties is a great move, and staying local to Everett/Snohomish will give you an edge.

28 November 2024 | 4 replies
That safety net can ease the fear.Tap Your Network: Got a mentor or someone in your circle who's done this before?

5 December 2024 | 18 replies
I'm not sure if typical property managers would take on the role, if they did they would want a larger cut.

29 November 2024 | 2 replies
Speeding up the pickup and drop is helpful in cutting down on time, however the Architect (and their office) are the ones to make the actual drawing changes.

26 November 2024 | 7 replies
I am looking at a 4 bed/3 bath property on the edge of Littleton/Denver.

3 December 2024 | 10 replies
Cash flowing at 5% down was possible about 3 years ago—but that ship may have since sailed.Now, you’re left with two options: you can either pony up more cash per deal, or you can potentially look out of state for markets with more favorable rent-to-price ratios.Or…you can wait for rates to decline, but I don’t know how much a 100 or 150 basis point rate cut in the next year will really move the needle.That said, some firms (usually new construction companies, turnkey providers, etc.) will enter into forward commitments with lenders at institutional rates and then pass cost interest rate savings onto end buyers to entice them to purchase a property.

21 November 2024 | 7 replies
They will try to cut the FED prime rate, increase tariffs, and shake up global trade.

2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

28 November 2024 | 0 replies
I want to keep away from any short cuts , I am not looking to take large cuts from sellers (I’m a true agent at heart and looking to serve my clients) .

2 December 2024 | 21 replies
You can always tap into HELOC for a safety net in the short term (not ideal) but there if you need it!